As we have stated in our previous post that daily trend of Nifty remains in downtrend and since the last update nothing much has changed. Nifty is moving in a narrow band and thus one has to be patient to see it breaking the supports which are enumerated below in the table to come up with any firm conclusion about the Nifty movement. We can be only positive on Nifty if it is able to sustain itself above the level of 5650 and a closing above it with volumes is mandatory for positive trend to continue. As of now Nifty has hit a new 15 minute low and market is likely to witness selling pressure below 5630 levels. on the last closing day the market breadth was negative.
On the positive side we may see a slight pull back as MACD and Stochastic slow are indicating a positive bias. Thus now is the right time to make money in intraday trading by trading less but trading accurately by going with our sure stock of the day which shows guaranteed movement irrespective of the trend in the market.
Stock Tips for Today - Know which Stock to Buy-SellSupport and Resistances for the Day
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Strong future shares at National stock exchange
MC Dowell, KTK Bank, Sun TV, Bharti Airtel, Ashok Ley, Zeel, M&M, RCOM, Mcleodruss & NHPC.
Weak future stocks at NSE
Opto Circuits, GMR Infra, Sintex, Voltas, India Cement, Renuka Sugar, Hexaware, Guj Fluoro, NMDC & Bharat Forge.
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